Convenience Store with Off Licence in Norwich For Sale

Situated in a parade, excellent main road trading position, office and commercial area, NORFOLK. NORWICH

Turnover £ 8,000
Price £105,000

Features

Convenience Store with off Licence

SINGLE FRONTED PREMISES with ELECTRIC SHUTTERS in the region of 1,900 ft². CCTV (12 cameras). Carpet tiled floor, suspended ceiling LED light panels.
Sales counter, EPOS cash register, 2-3.75m chillers with doors, 3.75m open chiller, 2 chest freezers with glass top, coffee machine, racking and shelving.

Store room

Stairs to basement in the region of 885 ft² used for storage

Staff cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a gross profit of 27.5% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

PAY POINT £10 per week approx.

Staff

The business is at present operated by the vendor with 2 full time staff employed. We are informed the wage bill averages £850 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 11 a.m - 12 midnight

Outside

Yard with bin store.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £15,000 p.a.

Business Rates from April 2023 £1,920 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £19,5,000 plus STOCK AT VALUATION (£50,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 52,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote